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�0120�56� ASSUMPTION RIDER THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETER.ANS AFFAIRS OR ITS AUTHORIZED AGENT. THIS ASSLTMPT'ION RIDER is made this 12th day of October 2012 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to secwe Borrower's Note to iFREE DOM DIRECT CORPORATION, A CORPORATION (the "Lender") of the same date and covering the Properiy described in the Security Instrument and located at: 4721 CALVIN DRIVE GRAND ISLAND, NE 68801 [Property Address] ASSUMPTION COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. Acceleration Clause. This loan may be declared immediately due and payable upon transfer of the pro�rty securing such loan to any transferee, unless the acceptability of the assumption of the loan is established pwsuant to Section 3714 of Chapter 37, Title 38, United States Code. B. Funding Fee Clause. A fee equal to one-half of 1 percent of the balance of this loan as of the date of transfer of the properiy shall be payable at the time of transfer to the loan holder or its authorized agent, as trustee for the Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer, the fee shall constitute an additional debt to that already secuted by this instrument, shall bear interest at the rale herein provided, and at the option of the payee of the indebtedness hereby s�ured or any transferee thereof, shall be immediately due and payable. This fee is automatically waived if the assumer is exempt under the provisions of 38 U.S.C. 3729(c). C. Processing Charge Clause. Upon appligation •for approval to allow assumption of this loan, a processing fee may be charged by the loan holder or its authorized agent for determining the creditworthiness of the assumer and subsequently revising the holder's ownership records when an approved transfer is completed. The amount of this charge shall not exceed the maximum established by the Department of Veterans Affairs for a loan to which Section 3714 of Chapter 37, Title 38, United States Code applies. D. Indemnity Liability Assumption Clause. If this obligation is assumed, then the assumer hereby agrees to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan. The assumer further agrees to indemnify the Deparhnent of Veterans Affairs to the extent of any claim payment arising from the guaranty or insurance of the indebtedness created by this instrument. MiJLT'ISTATE ASSUMPTION RIDER—Single Family—iJNIFORM INSTRUMENT MULTISTATE TTEM 7550L1 (042209) WYLIE,F0000452197 GreatDocs� Pa ( 0�045 197 ,��' �'